ASPS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-29

• Onity previously disclosed that Rithm was one of its largest servicing clients. However, Onity disclosed that Rithm did not renew its subservicing agreements with Onity effective January 31, 2026 and, as a result, Onity began transferring servicing to Rithm’s own servicing platform in the first quar…

• eventual loss of Onity as a customer or a reduction in the number and/or volume of services it purchases from us or the loss of other customers.

• •The Company recognized an income tax (provision) benefit of $(1.8) million and $15.1 million for the nine months ended September 30, 2026 and 2025, respectively. The income tax provision for the three and nine months ended September 30, 2026 and the three months ended September 30, 2025 was driven …

• We recognized service revenue of $143.7 million for the nine months ended September 30, 2026, an 18% increase compared to the nine months ended September 30, 2025 ($49.8 million for the third quarter of 2026, a 26% increase compared to the third quarter of 2025). The increase in service revenue for …

• We recognized cost of revenue of $112.1 million for the nine months ended September 30, 2026, a 23% increase compared to the nine months ended September 30, 2025 ($39.8 million for the third quarter of 2026, a 30% increase compared to the third quarter of 2025). The increase in cost of revenue for t…

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• Onity has disclosed that Rithm is one of its largest servicing clients. As of March 31, 2026, Onity reported that Rithm MSRs and rights to MSRs (the “Subject MSRs”) represented $29.7 billion of Onity’s servicing and subservicing portfolio. Onity disclosed that the Subject MSRs represent approximatel…

• •The Company recognized an income tax (provision) benefit of $(1.4) million and $15.7 million for the six months

• ended June 30, 2026 and 2025, respectively. The income tax provision for the three and six months ended June 30, 2026 was driven by income tax expense on transfer pricing income from India and the United States, no tax benefit on the pretax loss from our Luxembourg operating company, and uncertain t…

• We recognized service revenue of $93.8 million for the six months ended June 30, 2026, a 15% increase compared to the six months ended June 30, 2025 ($48.7 million for the second quarter of 2026, a 19% increase compared to the second quarter of 2025). The increase in service revenue for the three an…

• We recognized cost of revenue of $72.3 million for the six months ended June 30, 2026, a 20% increase compared to the six months ended June 30, 2025 ($37.8 million for the second quarter of 2026, a 25% increase compared to the second quarter of 2025). The increase in cost of revenue for the three an…

Text added vs the prior filing · source: 10-Q · 2026-10-29

• Our management, including our Chairman and Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures, or our internal controls, will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only r…

• met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that a…

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• Our management, including our Chairman and Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures, or our internal controls, will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only r…

Text added vs the prior filing · source: 10-Q · 2026-10-29

• Changes in credit scoring models, industry or regulatory requirements, customer preferences or available technologies may reduce demand or prices for certain products we offer, which could adversely affect our revenues and operating results.

• Demand for the credit, verification, data, technology and other products and services we provide in connection with single-family residential mortgage loans may be affected by changes in credit scoring models, underwriting standards, customer preferences, reporting practices, technologies, or indust…

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• We may lose the ability to market, distribute or resell certain third-party verification, data, technology and other products, or such products may become less competitive, which could adversely affect our revenues, customer relationships and operating results.

• A portion of our revenue is derived from the marketing, distribution, integration and resale of credit, verification, data, technology and other products and services provided by third parties. In some cases, a significant percentage of the revenue generated from these offerings is derived from prod…

• If one or more of these third-party providers were to terminate or materially modify our rights to resell their products, increase pricing, impose more restrictive contractual terms, experience financial, operational, security, regulatory or compliance issues,

• discontinue products, be acquired by a competitor or become controlled by a party whose interests do not align with ours, or otherwise limit our access to their products, technologies, platforms, services or underlying data, we may be unable to continue offering those products to our customers or ma…

• In addition, even if we retain the right to resell such products and use applicable platforms or technologies, our business could be adversely affected if the products, services, platforms or technologies provided by our third-party suppliers fail to remain competitive with alternative solutions ava…